采访显示，仅仅凭借某些人去大臣办公室谈话，就引用冷战时期制定但从未启用的《货物可用性法 案》，匆忙出台部长行政令，并推动法院在极短时间内作出裁决。这种做法既是轻率之举，更是荒唐至 极。荷兰是崇尚法治的国家，但在该事件中，荷方一些人既未严格履行法律程序，也没有保护外资企业 的正当权益，就强行托管一家中国上市企业全资子公司的股份，已严重损害荷兰的营商环境和政府公信 力。 11月14日，商务部新闻发言人就荷经济大臣卡雷曼斯就安世半导体问题表态答记者问。 有记者问：荷兰经济大臣卡雷曼斯11月13日接受英国《卫报》采访，谈及安世半导体问题，称"即使事 后来看，仍会作出同样的决定"、"这给各国领导人都是一个警示"。请问商务部对此有何评论？ 答：中方注意到荷兰经济大臣卡雷曼斯近日接受媒体采访的相关言论。中方对这种混淆是非、颠倒黑 白、一意孤行的言论表示极度失望和强烈不满。这场半导体供应链危机带给全世界的深刻教训是，不能 强行用行政手段不当干预企业经营。在荷兰政府9月30日发布行政令以及10月8日荷企业法庭作出错误判 决之前，全球半导体产供链是稳定和安全的。但荷方强行不当干预，并托管一个100%控股的私营企业 99%的股份， ...

Core Viewpoint - Wentech Technology (600745.SH) is facing significant shareholder reductions amid the "Nexperia" semiconductor turmoil, with the second-largest shareholder planning to reduce holdings by up to 3% of the total share capital, despite the stock price increasing over 24% in the past month and a half [1][2][8]. Shareholder Reduction - On November 5, Wentech Technology announced that its major shareholder, Wuxi Guolian Integrated Circuit Investment Center (Limited Partnership), plans to reduce its holdings by up to 24,892,700 shares (2% of total share capital) through block trading and up to 12,446,400 shares (1% of total share capital) through centralized bidding, totaling a maximum reduction of 37,339,100 shares (3% of total share capital), valued at approximately 1.608 billion yuan based on the closing price of 43.08 yuan on November 5 [2][3][5]. - As of the end of Q3, Wuxi Guolian Integrated Circuit Investment Center held 7.77% of Wentech Technology's shares, making it the second-largest shareholder, with this planned reduction accounting for nearly 40% of its total holdings [5]. Financial Performance - In Q3, Wentech Technology reported a significant increase in net profit by 279.29%, amounting to 1.04 billion yuan, despite a 77.38% decline in revenue to 4.43 billion yuan [10][11]. - The semiconductor business, particularly Nexperia, has become the main revenue source for Wentech Technology, contributing 14.715 billion yuan in revenue and 2.297 billion yuan in net profit in 2024 [12]. Nexperia Situation - The ongoing turmoil surrounding Nexperia has raised concerns about the stability of Wentech Technology's semiconductor business, with potential risks to revenue, profit, and cash flow if control is not restored by the end of 2025 [12][16]. - Nexperia has faced significant operational disruptions due to political interference, leading to a warning from the European Automobile Manufacturers Association about potential production halts for car manufacturers [10][12].

Core Viewpoint - Wentech Technology (600745.SH) is facing significant challenges due to a major shareholder's plan to reduce its stake amid the ongoing turmoil surrounding Nexperia, a key subsidiary in the semiconductor industry [1][5]. Shareholder Actions - The second-largest shareholder, Wuxi Guolian Integrated Circuit Investment Center, plans to reduce its holdings by up to 37.34 million shares, representing 3% of the total share capital, valued at approximately 1.608 billion yuan based on the closing price of 43.08 yuan on November 5 [2][3]. - The reduction is attributed to the shareholder's operational needs, with the planned period for the sale set from November 27, 2025, to February 26, 2026 [3]. Financial Performance - In Q3 2025, Wentech reported a significant net profit increase of 279.29%, despite a 77.38% decline in total revenue to 4.427 billion yuan [6]. - The semiconductor business, primarily driven by Nexperia, generated 4.3 billion yuan in revenue, marking a 12.20% year-on-year increase, with a gross margin of 34.56% [6]. Nexperia's Situation - Nexperia is currently embroiled in a control dispute, leading to significant disruptions in the global automotive supply chain, with warnings from industry associations about potential production halts [5][6]. - Wentech has expressed uncertainty regarding the future performance of its semiconductor business, contingent on the resolution of Nexperia's control issues by the end of 2025 [6]. Customer Relations and Supply Chain - Nexperia China has assured customers of its ability to meet orders despite the supply chain disruptions caused by Nexperia's actions in the Netherlands [9]. - The Chinese Ministry of Commerce has criticized the Dutch government's interference in Nexperia's operations, emphasizing that the Dutch side bears full responsibility for the ensuing supply chain crisis [11].

Core Viewpoint - The second largest shareholder of Wentai Technology, Wuxi Guolian Integrated Circuit Investment Center, plans to significantly reduce its stake, which may impact the company's stock performance and investor sentiment [1][3]. Shareholder Reduction Plan - Wuxi Guolian plans to reduce its holdings by up to 24.89 million shares through block trading (up to 2% of total shares) and up to 12.44 million shares through centralized bidding (up to 1% of total shares), totaling a maximum of 37.34 million shares (up to 3% of total shares) [1]. - The reduction is attributed to the shareholder's operational needs, with the reduction period set from November 27, 2025, to February 26, 2026 [1]. Financial Performance - As of the end of Q3, Wuxi Guolian held 7.77% of Wentai Technology's shares, making it the second-largest shareholder [3]. - For Q3 2025, Wentai Technology reported a revenue of 4.43 billion yuan, a year-on-year decrease of 77.38%, while net profit attributable to shareholders surged by 279.29% to 1.04 billion yuan [8][9]. - The semiconductor business, particularly Nexperia, has become the main revenue source for Wentai Technology, contributing 14.72 billion yuan in revenue and 2.30 billion yuan in net profit in 2024 [10]. Market Reaction - As of November 5, Wentai Technology's stock price fell by 3.6% to 43.08 yuan, although it has increased over 24% since mid-October [6]. - The total market capitalization of Wentai Technology is approximately 53.62 billion yuan [6]. Nexperia Situation - Nexperia, a core subsidiary of Wentai Technology, is facing a control dispute that has raised concerns about its operational stability and potential impacts on revenue and profit [10][15]. - The Chinese subsidiary of Nexperia has assured customers of its ability to meet orders despite the ongoing issues, emphasizing its commitment to supply chain reliability [12]. Government Involvement - The Chinese Ministry of Commerce has criticized the Dutch government's interference in Nexperia's internal affairs, stating that it has escalated the global supply chain crisis [15]. - The ministry has called for constructive solutions to stabilize the situation and protect the rights of Chinese enterprises [15].

Core Viewpoint - The article discusses the potential resurgence of a global chip crisis, triggered by a Chinese semiconductor company, Anshi Semiconductor, which has led to significant disruptions in the automotive supply chain, particularly affecting major manufacturers like Volkswagen [2][5][11]. Group 1: Impact on Automotive Industry - Volkswagen has announced production halts at major factories, impacting core models like Golf and Tiguan, indicating a severe disruption in its product line [2][5]. - The German automotive industry faces serious production limitations, with the possibility of factory shutdowns if supply interruptions are not resolved quickly [7]. - The Japanese automotive industry has confirmed potential delivery issues, with companies actively seeking solutions to mitigate the crisis [9][10]. Group 2: Anshi Semiconductor's Background - Anshi Semiconductor, originally part of NXP Semiconductors, specializes in basic non-advanced process chips crucial for automotive applications, such as electric control and safety systems [12][14][15]. - The company was acquired by Chinese firm Wentech after facing bankruptcy, transforming it into a significant player in the semiconductor supply chain [30][36]. - Post-acquisition, Anshi Semiconductor's market share and revenue significantly increased, with a nearly 60% growth in revenue and a rise in gross margin from 20% to nearly 40% [37]. Group 3: Legal and Regulatory Challenges - The Dutch government has frozen Wentech's assets and knowledge rights in Anshi Semiconductor, citing concerns over supply chain security and governance issues [40][44]. - The legal actions taken against Wentech and its CEO, Zhang Xuezheng, are seen as part of a broader geopolitical struggle involving semiconductor technology and supply chains [51][55]. - The U.S. has expanded its sanctions, complicating the operational landscape for Anshi Semiconductor, which is now at risk of being included in the U.S. entity list due to its ties with Wentech [57][59]. Group 4: Response and Future Outlook - In response to the Dutch actions, the Chinese government has implemented export controls on Anshi's operations, significantly affecting its European supply chain [61][63]. - Anshi's Chinese operations have declared independence from Dutch management, asserting their capability to maintain production standards and meet customer demands [66][70]. - The development of a new wafer factory in China positions Anshi to potentially replace its European supply chain, indicating a shift in the semiconductor landscape [72][76][80]. Group 5: Broader Implications - The crisis highlights the ongoing global competition in the semiconductor sector, which has evolved from a focus on technology to a comprehensive confrontation over supply chains and regulations [93][94]. - The European automotive industry is likely to seek alternative supply solutions to avoid future disruptions, reflecting a shift in strategy following the crisis [91][92].